Alibaba’s Expansion in the United States

Jack Ma, CEO of the Alibaba Group, recently met with President Trump to discuss the Chinese company’s expansion plans in the United States.  Mr. Ma indicated the focus of the meeting was on supporting small U.S. businesses to sell their goods to China and Asia on the Alibaba e-commerce platform, with initial emphasis on goods…

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The China VIE Structure is Vulnerable – So Why is it Still Used?

The accounting definition of “variable interest entity” (VIE) means an entity in which an investor holds a controlling interest that is not based on owning the majority of voting rights.  To non-accountants, the VIE structure is a business structure that is widely used by Chinese companies in certain “sensitive” or “strategic” business sectors that have…

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